The four powerful consortiums- Fauji Foundation, Hussain Dawood Group, Nishat Group and Yunus Brother Group, control 19.3 percent of the total market capitalization of the Pakistan Stocks Exchange [PSX].
With the market capitalization of Rs7.95 trillion on March 18, the Pakistan stocks exchange four groups together have within their folds as many as 23, mostly blue-chip, listed companies with an aggregate market value of Rs1.55tr.
Fauji Foundation holds majority stakes in Fauji Fertilizer Company, Fauji Fertilizer Bin Qasim,
Fauji Cement, Askari Bank, Mari Petroleum, and Fauji Foods. These companies have a combined value of Rs449 billion. The group recently expressed interest in taking over a smaller Silkbank Ltd.
Hussain Dawood Group owns six listed companies with the market capitalisation of Rs372bn. These are Engro Corporation, Engro Fertilisers, Dawood Hercules, Engro Polymer and Chemicals, Engro Powergen Qadirpur and Dawood Lawrencepur Ltd.
The third conglomerate, Yunus Brothers Group, is known for its huge share in the cement market with its flagship listed company, Lucky Cement. But the group also owns another giant, ICI Pakistan, and Gadoon Textile Mills. All three entities are collectively worth Rs347bn.